Gemalto Earns Accolades from Frost & Sullivan for Innovation-Led Growth in Digital Banking and Identity Verification Solutions Markets

In the highly demanding banking industry, Gemalto supports the transition to mobile-first banking interactions by equipping mobile banking apps with a platform that ensures a highly secure yet convenient customer experience—from onboarding to transaction management. The digital banking mobile security suite combines cryptography to enable multifactor authentication with channel encryption to secure data in transit; device intelligence and behavioral analytics for fraud prevention; and app security against malware attacks and tampering. Because users have the option to choose their preferred and most convenient biometric sign-in method, banks are proactively encouraging greater user engagement without worrying about compromised mobile security.

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“The digital revolution has had a significant impact in the financial services sector and will radically transform the way banks operate in the future. Banks are in the midst of a major paradigm shift in their traditional service models as customers fully digitize their financial lives. ” noted Brent Iadarola, Vice President of the Mobile and Wireless Team at Frost & Sullivan. “Gemalto addresses this dilemma with the Digital Banking Suite a solution set that enables banks to offer innovative mobile solutions that provide true end-to-end security.”

“Gemalto also designs and develops electronic ID (eID) solutions that are secure, convenient, accurate, and quick. The company houses these solutions, which include enhanced driving license (eDL), ePassport, and electronic vehicle registration card (eVRC), on an application on the user’s smartphone protected by a PIN or fingerprint scan,” said Danielle VanZandt, Security Industry Analyst at Frost & Sullivan. “Importantly, if an end user’s smartphone is lost or stolen, eIDs and eDLs can be remotely removed and installed on a new device.”

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Other notable next-generation security solutions from Gemalto include the Live Face Identification System (LFIS), which captures and matches faces in less than a second, enabling organizations to screen and monitor their environment proactively. Customers can integrate the company’s facial recognition and other biometric solutions such as fingerprint, iris, and palm print with other technologies to increase security or add an extra layer of protection. Overall, the company assists clients with its innovations by enhancing their ecosystem’s security, aiding flexible integration and upgrades, and connecting with more than 400 businesses, solutions partners, and original equipment manufacturers.

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

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